Summer of disconnect as energy transition stumbles

Industrials

Renewables are the future but the transition is being fumbled - due to the nature of its products Northcoast sees Generac (TP $292; 20% upside) as having the most near-term opportunity and Chart Industries (TP $209; 20% upside) winning as it benefits from the growth in small-scale LNG projects that are often used for utility load management solutions. Looking over the horizon, Bloom Energy (TP $23; 40% upside) and Capstone Green Energy (TP $7; 160% upside) will find success thanks to their unique power generation solutions.

- 27 May, 2022

Bloom Energy (BE)

Industrials

Northcoast recently expanded their coverage to include the Clean Technology space. BE is one of their preferred plays - its solid oxide module requires little modification to enter multiple applications with a TAM of over $2.6tn. Discusses BE’s disruption of the centralised grid model and its best-in-class electrical efficiency (at rapidly reduced costs). With an experienced management team and multi-year revenue opportunities, BE is ideally placed to benefit from the global shift to alternative energy generation and hydrogen use. TP $35 (50% upside).

- 16 April, 2021